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What Effect Does an Open Economy Have on the Effectiveness

question 89

Essay

What effect does an open economy have on the effectiveness of monetary policy and fiscal policy?
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Definitions:

Volcanoes

Openings in Earth's crust that allow molten rock, ash, and gases to escape from below the surface.

Earthquakes

Natural phenomena involving the shaking of the ground, usually caused by the movement of tectonic plates beneath the Earth's surface.

Distributions

The manner in which a phenomenon or characteristic is spread out over an area or volume.

Continent-continent Convergence

A tectonic process involving the collision of two continental plates, typically resulting in the formation of mountain ranges.

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